Money

By Jeanne Sahadi, CNN New York (CNN) — The Federal Reserve on Wednesday did not lower its key interest rate, which has been sitting at a 23-year high for the last 12 months. But officials continue to signal that the central bank may do so soon — most likely in September. And the market expects

CNN By Jeanne Sahadi, CNN New York (CNN) — The Federal Reserve on Wednesday did not lower its key interest rate, which has been sitting at a 23-year high for the last 12 months. But officials continue to signal that the central bank may do so soon — most likely in September. And the market

By Matt Egan, CNN New York (CNN) — Millions of sports fans and concertgoers are being duped by a deceptive pricing scheme at StubHub that hides the true cost of tickets until the very last moment, according to a lawsuit filed Wednesday by Washington, DC Attorney General Brian Schwalb. The lawsuit accuses StubHub of deploying

By Anna Cooban, CNN London (CNN) — Entertaining the King of England is an expensive business, France is finding out. A sumptuous lobster dinner held to welcome Britain’s King Charles III to Paris last September cost the French president’s office nearly €475,000 ($515,000), according to accounts published on Monday by France’s public auditor. The lavish

By Chris Isidore, CNN New York (CNN) — The CEO of Delta Air Lines lashed out at cyber security firm CrowdStrike and software provider Microsoft for the computer problems that resulted in a five-day service meltdown he said cost the airline $500 million. “They haven’t offered us anything. Free consulting advice to help us,” said

By Chris Isidore, CNN New York (CNN) — Boeing named a new CEO Wednesday after reporting a core operating loss of $1.4 billion in the second quarter — more than triple the loss from a year ago — as increased scrutiny of the safety and quality of its planes kept the troubled company from making

By Jessie Gretener, CNN London (CNN) — Former BBC presenter Huw Edwards has pleaded guilty to having 41 indecent images of children on the messaging app WhatsApp, according to PA Media. Edwards appeared before London’s Westminster Magistrates’ Court on Wednesday, with PA reporting that the alleged offenses were committed between December 2020 and August 2021. The court heard that

By Clare Duffy, CNN New York (CNN) — There may soon be one fewer person standing between you and your Cheesy Gordita Crunch. Taco Bell is set to expand the use of artificial intelligence voice technology in its drive-thrus to hundreds of US locations by the end of this year, parent company Yum! Brands said

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve gave an important clue Wednesday that it will likely cut its benchmark lending rate in the coming months. The move would pave the way for lower borrowing costs for Americans on everything from mortgages and car loans to credit cards. While the central bank said

By Oliver Darcy, CNN New York (CNN) — The National Association of Black Journalists is trying its best to weather a storm of backlash. The organization on Tuesday drew a torrent of criticism over its decision to invite Donald Trump to sit for an interview at its annual convention in Chicago. The Wednesday afternoon Trump

By Nathaniel Meyersohn, CNN New York (CNN) — Consumers have reached their breaking point with $6 iced coffees and lemonades at Starbucks. Starbucks sales dropped 3% globally at stores open for at least a year, including a 2% drop in its home North America market. And that masked how steep the decline was for Starbucks

By Hadas Gold, CNN New York (CNN) — Norah O’Donnell will step down as anchor and managing editor of CBS Evening News following the November election, the veteran journalist told colleagues Tuesday in a memo. O’Donnell, who has helmed the venerable evening news program for nearly five years, will transition to a new role as

By Chris Isidore, CNN New York (CNN) — Spirit Airlines, the ultra-low cost carrier known for charging bargain-hunting passengers for anything and everything, is introducing business class seating – of a sort. The airline said it will allow customers to pay extra for what it’s calling “Go Big” class of tickets, for those passengers in

By Krystal Hur, CNN New York (CNN) — Bill Ackman, billionaire hedge fund manager and chief executive of Pershing Square Capital Management, is seeking $2 billion to take the company’s investment fund public. That’s significantly less than what Ackman said he had hoped to raise for his new fund — a rare opportunity for the

By Hannah Rabinowitz and Evan Perez, CNN (CNN) — The Justice Department said Tuesday it filed a civil lawsuit against Norfolk Southern, alleging the company knowingly created large delays for Amtrak passengers traveling between New York and New Orleans. Though federal law requires Norfolk Southern freight trains to allow Amtrak passenger trains to proceed first, the Justice Department alleges

By Clare Duffy, CNN New York (CNN) — OpenAI stunned users when it demonstrated an updated voice mode for the most advanced version of ChatGPT earlier this year. Far from the kind of robotic voice that people have come to associate with digital assistants like Alexa or Siri, the ChatGPT advanced voice mode sounds remarkably

By Chris Isidore, CNN New York (CNN) — Tesla CEO Elon Musk says anyone who doubts how valuable robotaxis will make the company should test drive its latest self-driving car. A Wall Street analyst did just that – and said the car almost crashed. The experience of WIlliam Stein, an analyst with Truist Securities, is not

By Chris Isidore, CNN New York (CNN) — Delta Air Lines’ service meltdown, which led to thousands of cancelled flights and a half million stranded customers, cost the company hundreds of millions of dollars. And now it wants Microsoft and the cybersecurity firm that caused the problem to compensate it for at least some of

By Erika Tulfo, CNN (CNN) — A Starbucks app outage on Tuesday left customers unable to place a mobile order, delaying caffeine fixes for millions of coffee lovers until the app returned to service later in the day. “Earlier today, some customers were briefly unable to access the mobile order and pay feature in the

By Ramishah Maruf, CNN New York (CNN) — A US safety regulator announced Tuesday that it voted unanimously to hold Amazon responsible for faulty or unsafe products sold by third-parties on its website and app. The US Consumer Product Safety Commission, tasked with ordering companies to recall dangerous products sold in America, said it found